Question: What are the significant relationships revealed by the ratios and percentages?

Common-size Percent $ Sales Cost of goods sold Gross profit from sales Selling expenses Administrative expenses Total operating expenses Income before taxes Income taxes Income Statement For years ended December 31 2020 2019 148,000 $ 136,000 $ 89,096 85,000 58,904 51,000 20,898 18,768 13,379 11,968 34,277 30,736 24,627 20,264 4,588 4,148 20,039 $ 16,116 $ 2018 118,000 75,520 42,480 15,576 9,735 25,311 17,169 3,481 13,688 2020 2019 2018 100.00% 100.00% 100.00% 60.20% 62.50% 64.00% 39.80% 37.50% 36.00% 14.12% 13.80% 13.20% 9.04% 8.80% 8.25% 23.16% 22.60% 21.45% 16.64% 14.90% 14.55% 3.10% 3.05% 2.95% 13.54% 11.85% 11.60% Net income $ Trend Percent Crane Corp. Balance Sheet as of December 31 2020 2019 2018 2020 2019 Assets Current assets $ 24,240 $ 18,962 25,324 -4.28% -25.12% 1,860 -100.00% -86.56% 57.89% 68.42% 45,000 69,240 $ 250 48,000 67,212 28,500 55,684 $ 24.34% 20.70% Long-term investments Plant and equipment Total assets $ Liabilities and owner's equity Current liabilities $ Common shares Retained earnings Total liabilities and owner's equity $ 10,100 $ $ 9,740 40,500 18,640 69,240 $ 9,980 40,500 16,732 67,212 30,000 15,944 55,684 3.70% 2.46% 35.00% 35.00% 16.91% 4.94% 24.34% 20.70% $